Stephens analyst Jeff Lick upgraded Asbury Automotive (ABG) to Overweight from Equal Weight with a price target of $277, up from $225. The firm spent the last two weeks integrating the Chambers acquisition into its model, with the work leading Stephens to conclude that the company has $35+ in 2028 EPS power based on the assets currently on its balance sheet and items under its control. The firm also believes 4Q25, 1Q26, 2Q26 represents a tough stretch for auto dealers and original equipment manufacturers.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ABG:
- Amazon begins selling new, certified pre-owned vehicles
- Asbury Automotive price target lowered to $215 from $225 at JPMorgan
- Asbury Automotive Group Reports Strong Q2 2025 Results
- Asbury Automotive’s Earnings Call Highlights Growth Amid Challenges
- Asbury Automotive reports Q2 adjusted EPS $7.43, consensus $6.86